The CAC40 confirms its positive trend, gaining nearly 2% around 7160 points, after the first session of the week was marred by the outbreak of war in the Middle East, which rekindled geopolitical fears.

This return to confidence comes in the wake of a resilient close on Wall Street overnight, a resilience that Deutsche Bank attributes to accommodative comments made by Fed official Lorie Logan, despite her reputation as a hawk.

Lorie Logan said that higher yields could mean that there is less need to raise Fed rates further, with financial conditions having tightened substantially in recent months", explains the German bank.

Yesterday, some stocks were hit hard by news from the Middle East, notably Air France-KLM (-8.5%), hotel chain Accor (-2.9%) and LVMH (-2.6%).

On the subject of LVMH, it should be noted that the world's number one luxury goods company is due to unveil its third-quarter trading update after close of business this evening, kicking off the quarterly publication season on the Paris Bourse.

While waiting for this major event of the week, investors can react to the earnings warnings announced overnight by the active pharmaceutical ingredients company Euroapi and the furniture distributor Maisons du Monde.

The active pharmaceutical ingredients company Euroapi announced that it had revised its full-year targets for 2023 downwards, and now expects sales growth to be between +3 and +5%, compared with +7 to +8% previously.

Maisons du Monde announced that it had lowered its full-year targets 'due to a deterioration in consumer confidence in Europe, affecting overall non-food consumption in the second half of the year'. Its third-quarter sales are expected to fall by 9.4% compared with the same period in 2022

Getlink announces that its LeShuttle shuttle service carried 211,819 passenger vehicles in September 2023, up 4% on the same month in 2022, benefiting in particular from the impact of the Rugby World Cup.

Eutelsat announces the signature by Marlink of a commitment for Ku-band GEO broadband capacity on board the Eutelsat 10B satellite, covering Europe, the Middle East and Africa, as well as the world's main maritime links.

Stifel maintains its Hold rating on Hermès shares, with an unchanged target price of 1,850 euros. The research firm believes that Hermès should again demonstrate its defensive characteristics in the 3rd quarter of 2023. Stifel models sales growth of +14% at constant exchange rates.

Barclays has reduced its target price for L'Oréal from 443 to 423 euros, and is maintaining its 'overweight' recommendation, anticipating organic sales growth of 11.7% for the world's number one cosmetics company in the third quarter of 2023.

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